Capital Stage : acquires solar and wind energy plants with a total capacity of almost 20 MW for institutional fund investors

Capital Stage Group acquires solar and wind energy plants with a total capacity of almost 20 MW for institutional fund investors

Hamburg, 17 October 2017 - CHORUS Clean Energy AG ("CHORUS"), a member of the Capital Stage Group specialising in asset management for institutional investors, has acquired additional solar and wind parks in Germany with a total generation capacity of almost 20 MW for a Luxembourg special fund managed by the company. The solar park in Saxony-Anhalt hat a total capacity of about 5.2 megawatts (MW), while the wind park in Thuringia has a total capacity of approx. 14.4 MW.    

"We are very happy that the institutional investor in our special fund has once again increased its investment. This clearly shows that it is convinced of the expertise of our asset managers and our possibilities to access profitable projects," says Karsten Mieth, member of the Management Board of CHORUS Clean Energy AG.

The solar park in Draschwitz, Saxony-Anhalt, is situated about 30 kilometres south-west of Leipzig and comprises 19,800 photovoltaic modules built by renowned manufacturer Canadian Solar. The ground-mounted solar panels have been connected to the power grid since February 2017 and benefit from a guaranteed feed-in tariff of 8.91 euro cents per kilowatt hour (kWh) payable until the end of 2036.

The Wipperdorf wind park in the district of Nordhausen, Thuringia, comprises six Nordex N117 wind power generators with a hub height of 141 metres and a rated output of 2.4 MW each. The wind power generators were taken into operation between February and May 2017. The park thus benefits from a guaranteed feed-in tariff of 8.25 euro cents per kWh. It was sold by project developer VSB. "We are pleased that CHORUS, a member of the Capital Stage Group, has again acquired an attractive onshore location and we do consider further projects with respect to cooperation", says Marko Lieske, Managing Director of VSB Holding GmbH.  

As a result of the transaction, the total output of the assets managed for institutional investors has increased to over 300 MW.
 
The Capital Stage Goup:
Capital Stage invests in and operates solar and wind parks in Europe and is one of the leading independent power producers (IPPs) in the fields of renewable energies. The current portfolio consists of 162 solar and 52 windparks with a total installed base of more than 1.3 GW.
 
Within the Capital Stage Group, CHORUS Clean Energy AG ("CHORUS") is specialised in the Asset Management for institutional investors. CHORUS offers institutional investors direct and customised as well as fund based investment opportunities in renewable energy systems.
 
CHORUS is a wholly-owned subsidiary of SDAX-listed Capital Stage AG, Hamburg. Capital Stage is listed in the regulated market of the Frankfurt Stock Exchange and on the Hanseatic Stock Exchange (ISIN: DE0006095003 / WKN: 609500).
 
You can find further information on the company at www.capitalstage.com.